Telekom Austria Cites IPO Irregularities

VIENNA -- Telekom Austria Group has announced that new evidence exists about irregularities concerning the IPO stock option program of 2004. Precisely it is about the statement of a staff member, who confessed to have been involved in malversation. On February 26, 2004, the stock price has been influenced in that way that the trigger level was reached. The affected staff member was dismissed immediately after his confession.

The legal situation of a possible reimbursement is being analyzed. Hannes Ametsreiter, CEO of Telekom Austria Group, makes a further step ahead: He has made an agreement with the supervisory board of Telekom Austria AG to refund the bonus he received in 2004 on a trust account after all facts are judicially verified.

Hannes Ametsreiter: „In clearing the case our main target is to call in the amount of money from those who have caused the financial loss. Once again we emphasize that those, who have been guilty of misconduct, will be held responsible in full charge without any exception”.

Understanding the full experience of women in technology requires starting at the collegiate level (or sooner) and studying the technologies women are involved with, company cultures they're part of and personal experiences of individuals.

During this WiC radio show, we will talk with Nicole Engelbert, the director of Research & Analysis for Ovum Technology and a 23-year telecom industry veteran, about her experiences and perspectives on women in tech. Engelbert covers infrastructure, applications and industries for Ovum, but she is also involved in the research firm's higher education team and has helped colleges and universities globally leverage technology as a strategy for improving recruitment, retention and graduation performance.

She will share her unique insight into the collegiate level, where women pursuing engineering and STEM-related degrees is dwindling. Engelbert will also reveal new, original Ovum research on the topics of artificial intelligence, the Internet of Things, security and augmented reality, as well as discuss what each of those technologies might mean for women in our field. As always, we'll also leave plenty of time to answer all your questions live on the air and chat board.